Looking for illiquidity
National Employment Savings Trust CIO Mark Fawcett says the fund is leveraging its growth to pursue illiquid assets for premium returns, greater diversification and reduced volatility.
South Dakota pension’s long view
At the South Dakota Investment Council, the quest for value has led to long-term strategies, contrarian moves in real estate and debt, plus a focus on hiring and retaining young, local talent.
Managers top owners on climate risk
The asset-management industry is still taking more active steps to address climate risk than asset owners are, an annual Asset Owners Disclosure Project benchmark report has found.
Passive managers, active ownership
Passive managers have greatly increased their market share. It’s more important than ever that they show best practice in active ownership by engaging on ESG issues and focusing on the long term.
UK watchdog set to back pension mergers
The UK Financial Conduct Authority’s upcoming report is expected to call for consolidation in pension funds, tighter controls on active management fees and greater transparency.
Longer horizons lead to more investment
Dutch research has found that pension funds with longer horizons do hold more illiquid assets, but the correlation wanes after about 17 years and other factors also affect illiquidity tolerance.
